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Leokris [45]
3 years ago
14

What is true about the payments with closed-end credit?

Business
1 answer:
denis-greek [22]3 years ago
8 0

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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I believe the answer is: Direct

During the direct stage, commander and staff would directly review the plan and put several factors into consideration to judge whether the plan would be succesful or not. (factors could include budget, timing, political situation, etc).

After they put all factors into consideration, they would made several adjustment to the plan according to the situation at hand to improve the success rate of the plan.

4 0
3 years ago
Glasis is a type of paint made specifically for use on cars. An ad in Motor Trend magazine advising consumers to request their b
elena-s [515]

Answer:

B. Pull Strategy

Explanation:

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3 0
4 years ago
Nora is creating a vision statement for a company that creates educational content for students. What should she keep in mind?
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Answer:educational strategies

Explanation:

3 0
3 years ago
If there is an excess of expenses over revenues, the excess represents a ________.
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3 0
4 years ago
Jen Rogers withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals acco
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Answer and Explanation:

The journal entry is shown below:

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         To Jen Rogers, Withdrawals $35,000

(Being withdrawals entry is recorded)

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